Appia Announces $820,525 First Closing of Non-Brokered Offering
500-2 Toronto St.
Toronto ON
M5C 2B6
PH: 416 546-2707
FAX: 416 218-9772
Email: [email protected]
Website: www.appiaenergy.ca
NEWS RELEASE
APPIA ANNOUNCES $820,525 FIRST CLOSING OF NON-BROKERED OFFERING
TORONTO, ONTARIO, December 12, 2019 - Appia Energy Corp. (the “Company” or “Appia) (CSE:
API, OTCQB: APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to announce it will be closing
the first tranche of its non-brokered private placement on December 16, 2019 with the issuance of 5,087,500
flow-through units (the “ FT Units”) for gross proceeds of $814,000 and 43,500 working capital units (“ WC
Units”) (collectively the “Offering”) for proceeds of $6,525 for total gross proceeds of $820,525.
Proceeds from the Offering are expected to be used for drilling and exploration on the Company’s Alces Lake
and Loranger Properties, as well as other properties in Saskatchewan.
Each FT Unit is priced at $0.16 and consists of one (1) common share and one-half (0.5) of a share purchase
warrant. Each full warrant (“ Warrant”) entitles the holder to purchase one (1) common share (a “ Warrant
Share”) at a price of $0.25 per Warrant Share until twelve (12) months from closing.
Each WC Unit is priced at $0.15 and consists of one (1) common share and one (1) common share purchase
warrant (a “WC Warrant”). Each WC Warrant entitles the holder to purchase one (1) common share (a “WC
Warrant Share”) at a price of $0.25 per WC Warrant Share until twelve (12) months from Closing.
Eligible finders will be paid cash fees totalling $8,050, issued 322,467 common shares and issued 251,876 FT
broker warrants. Each FT broker warrant entitles the holder to acquire one common share at a price of $0.16
for twelve (12) months from Closing.
All securities to be issued under the first closing of the Offering are subject to a statutory four month hold period
expiring on April 17, 2020. The Offering will remain open until the earlier of the sale of the remaining Units
and January 15, 2020.
An insider of the Company subscribed for 50,000 FT Units. The insider private placement is exempt from the
valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by
virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value
of the consideration for the securities of the Company issued to the insider did not exceed 25% of its market
capitalization.
About Appia
Appia is a Canadian publicly-traded company in the rare earth element (“REE”) and uranium sectors. The
Company is currently focusing on delineating high-grade critical REE and uranium on the Alces Lake property,
as well as prospecting for high-grade uranium in the prolific Athabasca Basin on its Loranger, North Wollaston,
and Eastside properties. The Company holds the surface rights to exploration for 57,048 hectares (140,968
acres) in Saskatchewan.
The Company also has a 100% interest (subject to a 1% Uranium Production Payment Royalty and a 1% Net
Smelter Return Royalty on any precious or base metals payable, provided that the price of uranium is greater
than US$130 per pound) in 12,545 hectares (31,000 acres), including rare earth element and uranium deposits
over five mineralized zones in the Elliot Lake Camp, Ontario, which historically produced over 300 million
pounds of U3O8 and is the only Canadian camp that has had significant rare earth element (yttrium) production.
The deposits are largely unconstrained along strike and down dip.
Appia’s technical team is directed by James Sykes, who has had direct and indirect involvement with over 550
million lbs. U3O8 being discovered in five deposits in the Athabasca Basin.
Appia now has 70.8 million common shares outstanding, 93.1 million shares fully diluted.
Cautionary Note Regarding Forward-Looking Statements : This News Release contains forward-looking statements
which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”,
“estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not guarantees of
future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume
any obligation to update these forward- looking statements and shareholders are cautioned not to put undue
reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas , President, CEO and Director: (tel) 416-546-2707, (fax) 416-218-9772 or (email)
James Sykes , VP Exploration & Development, (tel) 306-221-8717, (fax) 416-218-9772 or (email)
Frank van de Water, Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or (email)